Prominent Spanish daily newspaper, El País on Monday announced it will increase its cover price by 9.1 percent to €1.20 for its Monday to Saturday editions, Reuters reported.

Media group Prisa, which publishes the left leaning newspaper, left the price of the Sunday edition unchanged at €2.20. The move marks an attempt to offset the financial impact of the global recession and the subsequent decline in advertising revenue for newspapers.

"The increase will allow us to guarantee readers the news quality they demand and undertake future projects under a difficult backdrop given the world economic crisis and falls in advertising," the paper's front page announced, according to Reuters.